Wall Street Letter: InfoReach launches standalone risk control system

InfoReach has launched a standalone risk control system...after the vendor realized that some of its current execution clients were using its trading platform solely to control trade risk.

InfoReach added a number of risk control functionalities to satiate customers’ thirst for risk controls across equities, options, foreign exchange and futures.

The most requested functionality, according to CEO Allen Zaydlin, was the ability to limit individual traders, preventing them from running over a certain negative P&L in proportion to a given strategy while trading in automatic mode...

(The full text of this article is available on the Wall Street Letter website by subscription only)